Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

L N   25 February 2021

Stock market & PEP

I would like to invest in stocks but I'm related to a PEP ? Please help.


 3 Replies

Mansi Aggarwal   04 March 2021

Hello, thank you for your query.

If you want to start investing in a mutual fund, you first have to complete the  KYC process and declare whether or not you are a politically exposed person (PEP). 

PEP is a person who is authorized to perform prominent public functions in a country and include governors of the state, members of parliament, military officers, senior government, and judicial executives and heads of local bodies such as municipal corporations, among others. You also qualify as a PEP if you are a family member or a close relative of such an individual.

If you are a PEP or subsequently qualify as one, your transactions would be closely monitored by the anti-money laundering committee of the mutual fund company to keep track of the circulation of money. 

If you are a PEP, your KYC and customer due diligence process could get enhanced and take a fairly long time than usual with the requirement of some additional documents.

Hope this solves your query.

avadhesh Paliwal   09 March 2021

YOU CAN DO IT BY YOUR SON, WIFE, DAUGHTER NAME AND IF YOU WANT TO LEARN THE STOCK RELATED BUSINESS PLEASE CONTACT TO ME ..........7976339610

Anjali   27 May 2021

Whether your house is small or big, in today’s time, every person wants to completely clean their home and clean in the shortest possible time.
Because he has to do many tasks in everyday life. But cleanliness is also an important task. 
best vacuum cleaner for home under 10000
top 5 bagged vacuum cleaners


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query